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Mortgage Rates Fall to Lowest Level in History

Mortgage rates tumbled to the lowest level in the history of Freddie Mac’s  weekly survey, with 30-year fixed-rate home loans being offered this week at an  average 4.15 percent, down from 4.32 percent last week.

The mortgage giant said in its weekly report Thursday that loans with  variable interest rates also hit record lows, as did shorter-term fixed-rate  loans. The 15-year fixed-rate loan, a popular choice with people refinancing  their homes, was being offered at an average rate of 3.36 percent, down from  3.50 percent last week, Freddie Mac said.  CLICK HERE to read more from the Detroit News.

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